A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
Market moves suggest we could be in the early days of a new bull market, particularly if Fed Chair Jerome Powell is able to engineer a soft landing.
The Bank of England governor on Thursday talked down expectations that it is readying to pause or pivot rate hikes, noting that there is still some way to go in taming inflation.
The central bank official said during a Council on Foreign Relations event in New York that the Fed can dial down on the size of its rate hikes.
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